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April 3, 2017
Internet Initiative Japan Inc.
Nippon Television Network Corporation
TV Asahi Holdings Corporation
Tokyo Broadcasting System Holdings, Inc.
TV TOKYO Holdings Corporation
Fuji Television Network, Inc.
TOKYO-April 3, 2017-JOCDN Inc. (JOCDN) today announced that it allocated shares of its stock to Internet Initiative Japan Inc. (IIJ, NASDAQ: IIJI, TSE1: 3774); five major commercial broadcasters headquartered in Tokyo-Nippon Television Network Corporation (Nippon TV), TV Asahi Holdings Corporation, Tokyo Broadcasting System Holdings, Inc., TV TOKYO Holdings Corporation, and Fuji Television Network, Inc.; and 10 TV stations in Osaka and Nagoya. This allocation of shares to 16 total companies was executed on April 3, 2017.
JOCDN is a joint venture between IIJ and Nippon TV, founded on December 1, 2016(*). It works to develop a video content distribution platform for use in Japan. This third-party allotment of shares will strengthen the company's business foundation, so that it can continue to provide high-quality, cost-effective content delivery network (CDN) services to broadcasters and video distributors. Through its cooperation with IIJ and commercial broadcasting companies, JOCDN will continue developing technologies to support broadcasting and communications infrastructure in Japan.
With this increased capital, JOCDN's shares are allocated to the below 16 companies and the total of its capital and capital reserves is JPY 710 million.
|Internet Initiative Japan Inc. (*)||President & COO Eijiro Katsu||Chiyoda-ku, Tokyo|
|Nippon Television Network Corporation(*)||Representative Director, President Yoshio Okubo||Minato-ku, Tokyo|
|TV Asahi Holdings Corporation||Chairman, & CEO Hiroshi Hayakawa||Minato-ku, Tokyo|
|Tokyo Broadcasting System Holdings, Inc.||President Shinji Takeda||Minato-ku, Tokyo|
|TV TOKYO Holdings Corporation||CEO President Yuichi Takahashi||Minato-ku, Tokyo|
|Fuji Television Network, Inc.||President and Chief Operating Officer Chihiro Kameyama||Minato-ku, Tokyo|
|MBS Media Holdings, Inc.||Representative Director & President Keiichi Mimura||Kita-ku, Osaka|
|Asahi Broadcasting Corporation||President and Chief Executive Officer Satoshi Wakisaka||Fukushima-ku, Osaka|
|Television Osaka, Inc.||Representative Director & President Takahiro Aoyama||Chuo-ku, Osaka|
|Kansai Telecasting Corporation||President Sumio Fukui||Kita-ku, Osaka|
|Yomiuri Telecasting Corporation||President Kan Tsutagawa||Chuo-ku, Osaka|
|Tokai Television Broadcasting Co., Ltd.||Representative Director & President Masaru Uchida||Higashi-ku, Nagoya, Aichi|
|Chukyo TV. Broadcasting Co., Ltd.||President Nobuo Komatsu||Nakamura-ku, Nagoya, Aichi|
|Chubu-Nippon Broadcasting Co., Ltd.||President Masaki Sugiura||Naka-ku, Nagoya, Aichi|
|Nagoya Broadcasting Network Co., Ltd.||Representative Director & President Masahiko Yokoi||Naka-ku, Nagoya, Aichi|
|Aichi Television Broadcasting Co., Ltd.||Representative Director & President Yoshio Takahashi||Naka-ku, Nagoya, Aichi|
|Established||December 1, 2016|
|Capital||JPY 710.00 million|
|Business details||Provides a video content distribution platform service for use within Japan, and builds and operates broadcasting systems|
|Representative Directors||Chairman||Koichi Suzuki|
|Address||Iidabashi Grand Bloom, 2-10-2 Fujimi, Chiyoda-ku, Tokyo|
|Internet Initiative Japan Inc.||20.0%|
|Nippon Television Network Corporation||14.0%|
|TV Asahi Holdings Corporation||14.0%|
|Tokyo Broadcasting System Holdings, Inc.||14.0%|
|TV TOKYO Holdings Corporation||14.0%|
|Fuji Television Network, Inc.||14.0%|
|MBS Media Holdings, Inc.||1.0%|
|Asahi Broadcasting Corporation||1.0%|
|Television Osaka, Inc.||1.0%|
|Kansai Telecasting Corporation||1.0%|
|Yomiuri Telecasting Corporation||1.0%|
|Tokai Television Broadcasting Co., Ltd.||1.0%|
|Chukyo TV. Broadcasting Co., Ltd.||1.0%|
|Chubu-Nippon Broadcasting Co., Ltd.||1.0%|
|Nagoya Broadcasting Network Co., Ltd.||1.0%|
|Aichi Television Broadcasting Co., Ltd.||1.0%|
Founded in 1992, IIJ is one of Japan's leading Internet-access and comprehensive network solutions providers. IIJ and its group companies provide total network solutions that mainly cater to high-end corporate customers. IIJ's services include high-quality Internet connectivity services, systems integration, cloud computing services, security services and mobile services. Moreover, IIJ has built one of the largest Internet backbone networks in Japan that is connected to the United States, the United Kingdom and Asia. IIJ was listed on the U.S. NASDAQ Stock Market in 1999 and on the First Section of the Tokyo Stock Exchange in 2006.
The statements within this release contain forward-looking statements about our future plans that involve risk and uncertainty. These statements may differ materially from actual future events or results. Readers are referred to the documents furnished by Internet Initiative Japan Inc. with the SEC, specifically the most recent reports on Forms 20-F and 6-K, which identify important risk factors that could cause actual results to differ from those contained in the forward-looking statements.
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